Jpmorgan says this shock -shock -shock report warns this alert and carries new evidence that artificial intelligence may enhance unemployment, says Jpmorgan says

The salary statements grew by only 73,000 last monthMuch less than expectations for about 100,000. At the same time, the May balance has been reduced from 144,000 to 19,000, and the total June has been reduced from only 147,000 to 14,000, which means that the average profit during the past three months is now only 35,000.

Certainly, weak job numbers do not mean that there are collective hairstyles. Other data sets such as the unemployed demands for the weekly work and the monthly surveys of the jobs again. At the same time, wages and work offers are still high.

“But the comfort obtained from this news is dominated by the slowdown in the slow employment to send a stimulant alert.”

In particular, employment in the private sector has slowed only 52,000 in the past three months, with the stagnation of the sectors outside health and education.

Besides the absence of any signs that unwanted separation is rising due to the immigration policy, this is a strong indication that the commercial demand for employment may cool.

Jpmorgan added: “We have constantly emphasized that the slide in the demand for employment of this size is a warning signal.” “Companies usually maintain employment gains through the growth processes that they consider transient. In the episodes where the demand for employment is sliding with low growth, it is often like a provision for a reduction.”

Currently, the total economic numbers still show expansion, albeit at a slower pace. The gross domestic product is more powerful than expected in the second quarter, reaching 3 %, although the scale that comes out of the impact of foreign trade and instead appears to the final slowdown. And the third quarter, Tracking GDP in Atlanta Fair It indicates slowing growth to 2.1 %.

Jpmorgan also warned that the pace of job growth is unlikely to maintain income gains or consumer confidence, which has been bounced in recent months.

Meanwhile, the broader U-6 unemployment scale-which includes people who have not been looking for work recently but are still interested in finding a job as well as people who work part-time part-time and prefer a full-time role-up 0.4 percentage points this year.

On the contrary, the main unemployment rate hardly changed, as it increased in a narrow range between 4 % and 4.2 % for more than a year.

Even Friday shock, this helped give the impression that the labor market was flexible in the face of sharp introductory increases by President Donald Trump.

“We believe that creating job opportunities is no longer appropriately described as strong,” said Jpmorgan. “Along with construction, it is dragged from the trade war, this week’s news supports our view that the Federal Reserve is close to mitigation.”

A separate observation of JPMorgan also highlighted more details buried in the job report that indicates that artificial intelligence has an effect on the labor market.

For example, salary statements in professional services and business services companies were heading to a decrease and decreased by 14,000 last month.

In addition, the unemployment rate for educated workers in the college increased to 2.7 % of 2.5 %, while the total unemployment rate reaches 4.2 % of 4.1 %.

“It seems that the new arrivals are an unusually large share of the unemployed last month,” said Jpmorgan.

It follows the previous warnings about the use of Amnesty International Reducing the need for beginners’ jobsA decisive starting point for new university graduates looking to launch their career.

But last month, the major economists Brad Delong Argue The challenges facing young people’s work today are Patured primarily through the uncertainty in politics on a large scale and the slow economyNot through the rapid rise in artificial intelligence tools.

Understanding leads to delaying companies in making the main decisions, including employment, in the face of an unpredictable political environment, which is equipped by the Trump war unexpectedly.

He wrote: “The aversion to this risk is especially harmful to those who are at the beginning of their career, who depend on a fixed flow of novice openings to get a foot in the door.”